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Va Loan To Buy Land. Va loan for land purchase by liz clinger updated on 7/25/2017. If you're looking to buy land to build a home on, we also offer loans with some of the following features:
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“to purchase or construct a residence, including a condominium unit to be owned and occupied by the veteran as a home: All of these must be true. The answer is no, the va home loan cannot be used to purchase vacant land.
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Buy land using some other means of financing. Although, it is heavily dependent on the va appraisal. In order to buy land with va financing, you must do it at the same time as securing a construction loan for your property. A va construction loan lets you buy land, build a home, and finance the mortgage with 0% down.
